(TheNewswire)
Montréal - TheNewswire - March 21, 2022 - ZeU Technologies Inc. (CSE:ZEU) (CNSX:ZEU.CN) (OTC:ZEUCF) i s pleased to disclose that it has reduced its debts by morethan $3.8 million.
On March 21, 2002, the Company exercised its option to repay thebalance of the Kamari debentures for an equivalent principal of$3,417,000 and pay all outstanding interest representing $398,806.03.The total payment amount is equivalent to $3,815,806.03 . 15,338,551 KAM tokenswere used to complete the transaction. The Company still has 5,294,894KAM tokens in its digital wallets for which no value is assigned.
It is important to note that the decrease in ZeU’s financialliabilities will directly impact the consolidated financial statementsof St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF)(FSE: 85G1), which consolidates ZeU’s financial results inits interim and annual financial statements.
ON BEHALF OF THE BOARD OF DIRECTORS
“Frank Dumas”
Frank Dumas President & CEO
About ZeU
ZeU is a forward-thinking Canadian technology companythat has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation ofencrypted and distributed networks. Thanks toits high level of sophistication, ZeU’s technology maximizestransparency, security and scalability as wellas big data management. ZeU’s strategyis to monetize blockchaintransactions in diverse sectors such as payment, gaming, data, and healthcare.
Neither the CSE nor its RegulationServices Provider accepts responsibility for the adequacy oraccuracy of this release.
Copyright (c) 2022 TheNewswire - All rights reserved.